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Article: Bombay Stock Exchange - United Stock Exchange Form Alliance to Develop Currency & Interest Rate Derivatives Markets.
- Article from:
- PR Newswire Europe
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MUMBAI, India, August 7 /PRNewswire/ --
Bombay Stock Exchange Limited (BSE), today decided to take a 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets.
Currency futures have been trading actively for the past year, however the market is still at a very nascent stage. USE's efforts will be focused on increasing the participants in this market, as well as the liquidity and the range of tradable products.
With prior ...